FG tasks youths on $8bn annual spending on automotive industry

October 22nd, 2019

By Felix Khanoba

The Federal Government says Nigerian youths must leverage on their creativity and potentials by playing a major role in the nation’s automotive industry.

Minister of Justice and Attorney General of the Federation, Abubakar Malami, who gave this charge in Abuja on Monday, said youths participation in the industry, would ensure that large chunk of the 8 billion dollars spend annually in the sector by Nigerians remain in the country.

Malami, who spoke at the launch of automotive design challenge that focused on Mini Taxi and Mini Tractor, commended young Nigerians for always showcasing their creativity in the automotive design concepts.

He said the event with the theme : “Give your ideas wheels,” was a highly commendable efforts that would go a long way in the promotion of innovation and solutions applicable for the nation challenges in mechanical, agricultural and public transportation.

While saying the youths’ efforts would translate into greater savings of foreign exchange and boost the nation’s economy, the minister assured that the Federal Government will provide all the necessary support to aid their contribution to the automotive sector.

“It will also afford saving and earning the foreign exchange for the country through restrictive importation of automobile and creation of employment by way of industrial facts ,” he said.

Also speaking at the event, the Deputy Governor of Ondo State, Mr Agboola Ajayi, expressed the need for the country to support and promote the use of electric cars.

The deputy governor commended the Federal Government recent policy that banned the importation of some products as well as border closure, saying the move would ensure that locally made products are fully patronized by Nigerians .

His words: “We will start seeing the results by building the future of Nigeria . We will continue to create an enabling environment to avoid inconsistency policy.”

The event attracted stakeholders from the nation’s automotive industry, representatives of various automobile companies in Nigeria, youths as well as some students.

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